This paper uses monthly data from eleven local governments to model residential water demand in Queensland, Australia from 1994 to 2004. In the sample, residential consumption is charged using a variety of structures including fixed charges without allowance, fixed charges with allowance and...

It is widely argued that Europe's unified monetary policy calls for international coordination at the fiscal level. We survey the issues involved with such coordination of fiscal policy as a demand management tool and we use a simple model to investigate the circumstances under which...

The traditional approach to water resources management in the Southeastern United States does not take full advantage of economic tools for managing scarcity. It fails to prevent economically inefficient uses of water, imposes additional costs to downstream users, and degrades the natural...

The approach to water management worldwide is currently in transition, with a shift evident from purely centralised infrastructure to greater consideration of decentralised technologies, such as rainwater harvesting (RWH). Initiated by recognition of drivers including increasing water demand and...

This paper introduces a unified model for organizational change that is designed to help change analysts think through the decision-making process. Most organizational leaders do not manage change effectively because they fail to acquire the minimum amount of information necessary to make a...

We describe a two-stage model of global log and chip markets that evaluates the spatial and temporal economic effects of government-subsidized fire-related mechanical fuel treatment programs in the U.S. West and South. The first stage is a goal program that allocates subsidies according to fire...

An international wheat trade model incorporating climate variability is used to simulate different scenarios when wheat producers in the USA, Canada, and Australia adopt El Niño/Southern Oscillation (ENSO)-based climate forecasts for use in production decisions. Adoption timing and rates are...

Natural resources models serve as important tools to support decision making by predicting environmental indicators. All model predictions have uncertainty associated with them. Model predictive uncertainty, often expressed as the confidence interval around a model prediction value, may serve as...

The economics of information is a broad field covering all aspects of information including decision making. We briefly describe 4 methods used to model the decision-making process. This is not an exhaustive list of the methods used to value information, nor are differences between the methods...

A farmer's decision to contract or produce independently depends on the distribution of income and the nonpecuniary attributes associated with both business arrangements. The benefits to growers from contracting (such as risk reduction) may be overestimated if the nonpecuniary benefits enjoyed...